European stocks closed lower on Tuesday, with the pan European Stoxx 600 down 0.37%. Data showing an acceleration in U.S. inflation in June impacted sentiment, despite optimism about a potential U.S.-EU trade deal. In the UK, Barratt Redrow and B&M European Value Retail saw significant drops in stock prices. Meanwhile, Experian rallied 4.3%. In Germany, Commerzbank fell nearly 3%, while BMW, Mercedes-Benz, and other automakers closed with gains. French market saw STMicroElectronics tanking 14%. German economic sentiment improved in July, and Eurozone industrial production showed growth in May. U.S. consumer price index rose by 0.3% in June.

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